Wall Street brokerages forecast that SPX FLOW, Inc. (NYSE:FLOW) will report earnings per share (EPS) of $0.72 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for SPX FLOW’s earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.77. SPX FLOW reported earnings of $0.48 per share during the same quarter last year, which would suggest a positive year over year growth rate of 50%. The firm is scheduled to issue its next earnings report on Wednesday, October 27th.
According to Zacks, analysts expect that SPX FLOW will report full year earnings of $2.81 per share for the current financial year, with EPS estimates ranging from $2.72 to $2.92. For the next financial year, analysts expect that the business will report earnings of $3.33 per share, with EPS estimates ranging from $2.91 to $3.74. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for SPX FLOW.
SPX FLOW (NYSE:FLOW) last posted its earnings results on Wednesday, August 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.04. The business had revenue of $381.60 million for the quarter, compared to analysts’ expectations of $367.19 million. SPX FLOW had a net margin of 4.38% and a return on equity of 9.29%. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS.
Several large investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new stake in SPX FLOW during the 1st quarter valued at $26,000. Harvest Fund Management Co. Ltd purchased a new stake in SPX FLOW in the 1st quarter worth approximately $28,000. Banque Cantonale Vaudoise bought a new stake in shares of SPX FLOW in the 2nd quarter worth approximately $29,000. Captrust Financial Advisors lifted its stake in SPX FLOW by 144.9% in the first quarter. Captrust Financial Advisors now owns 524 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 310 shares during the period. Finally, Lazard Asset Management LLC increased its position in SPX FLOW by 32.8% during the 2nd quarter. Lazard Asset Management LLC now owns 672 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 166 shares during the period. 94.85% of the stock is owned by hedge funds and other institutional investors.
SPX FLOW stock traded up $0.47 during midday trading on Friday, hitting $77.52. 3,032 shares of the company’s stock were exchanged, compared to its average volume of 212,882. The company has a market cap of $3.23 billion, a P/E ratio of 49.39, a PEG ratio of 0.76 and a beta of 1.81. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.20 and a current ratio of 1.65. The stock has a 50-day moving average price of $76.62 and a two-hundred day moving average price of $69.89. SPX FLOW has a 52-week low of $40.96 and a 52-week high of $86.17.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 14th. Shareholders of record on Wednesday, June 30th were paid a $0.09 dividend. The ex-dividend date was Tuesday, June 29th. This represents a $0.36 dividend on an annualized basis and a yield of 0.46%. SPX FLOW’s dividend payout ratio (DPR) is currently 24.49%.
SPX FLOW Company Profile
SPX Flow, Inc engages in manufacturing and distributing industrial components. It operates through the following segments: Food & Beverage and Industrial. The Food and Beverage segment includes mixing, drying, evaporation, and separation systems and components, heat exchangers, and reciprocating and centrifugal pump technologies.
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